Insolvency or Bankruptcy. I make an assignment for the benefit of creditors or become insolvent, either because my liabilities exceed my assets or I am unable to pay my debts as they become due; or I petition for protection under federal, state or local bankruptcy, insolvency or debtor relief laws, or am the subject of a petition or action under such laws and fail to have the petition or action dismissed within a reasonable period of time not to exceed 60 days.
Appears in 12 contracts
Samples: Prior Loan Number Acct (Double Eagle Petroleum Co), Loan Number (Widepoint Corp), Security Agreement (Widepoint Corp)
Insolvency or Bankruptcy. I You make an assignment for the benefit of creditors or become insolvent, either because my your liabilities exceed my your assets or I am you are unable to pay my your debts as they become due; or I you petition for protection under federalFederal, state or local bankruptcy, insolvency or debtor relief laws, or am you are the subject of a petition or action under such laws and fail to have the petition or action dismissed within a reasonable period of time not to exceed 60 days.; C.
Appears in 1 contract
Samples: Card Agreement
